We're well-positioned to drive operational efficiency: Nucleus Software

Nucleus Software is a products and services company in the financial services sector. Dataquest caught up with Pankaj Bhatt, Head - Global Delivery, Nucleus Software Exports Limited to understand what kind of opportunities the company looks at in order to drive growth and operational efficiency. Excerpts:

How did you fare in FY 2012-13? What's your outlook for the current financial year?

Our performance during the last fiscal was strong, and we feel encouraged due to the healthy demand for our broad range of IT products and solutions in the banking and financial services sector. FY2012-2013 has been a significant year as we continued to make solid progress by extending offerings in new markets and focused on strengthening our domain-rich expertise. For the year ending March 2013, our consolidated revenue stood at Rs. 293.76 crore. Our EBITDA for FY13 was Rs 459 million against Rs 355.5 million in the previous year. The company in the last year, continued to retain its status of a debt-free organization with sufficient cash and cash equivalents to meet new strategic initiatives.

We are highly optimistic of our growth performance for the coming months, as Nucleus Software embarks on the road to transformation by further strengthening its operational processes, adopting employee empowerment and co-creation initiatives to sharpen its customer centricity. We strongly believe that we will continue to deliver success in FY2014 and make Nucleus Software a great place to work.

What are the industries and verticals you would like to focus on?

As the global leader in providing IT products and solutions to the banking and financial services industry, our core competence and comprehensive portfolio spans across solutions in the areas of retail & corporate lending, cash management and Internet Banking.

We continue to diversify our offerings as new opportunities emerge. Given the fast changing dynamics in the BFSI space, we foresee significant growth opportunities in new market segments such as captive auto finance, transaction banking, and Islamic banking. In the quarters ahead, we are confident of expanding into new geographies with our existing and next-generation products.

Furthermore, with significant opportunities in the mobility space, the company is moving up the value chain by providing innovative and new platform offerings in the field of analytics, integration, and security to its global customers.

 

Since core banking is almost a phase over in most of the Indian banks, what are the areas you see more business coming in from?

It is probably not right to say that core banking is over in most of the Indian banks. Some areas which have high potential are - Transaction banking, NBFCs and Mobility solutions. Additionally, we see new banking licenses being issued in India and collectively these would certainly generate more business opportunities in the future.

Who are your customers? Please share Indian names.

We have customers across the globe but as a policy, we do not provide the names of our customers.

For over 26 years, we have engaged closely with our customers to enable better relationships, innovation, advocacy and much more. The confidence our customers have placed by partnering with us for decades is a testimony of the Nucleus Software commitment of keeping our customers at the heart of our business while creating long-lasting relationships committed to enabling their growth.

We strongly believe that Nucleus Software is well positioned to drive operational efficiency and effectiveness for its global customers, while simultaneously helping them to innovate and transform their businesses for the future.

What is the total number of people in India?

Currently, in India we have 1308 people across 4 locations at Noida, Jaipur, Mumbai and Chennai. In the coming fiscal, we plan to hire 150 freshers and around 100 experienced professionals.

With a talent pool of over 1492 people globally, we have offices in major global financial hubs including Amsterdam, Chennai, Dubai, London, Manila, Mumbai, New Delhi, Pune, New Jersey, Seoul, Singapore, and Tokyo, besides channel partners in over 30 other locations worldwide. Very recently, Nucleus Software has expanded its global footprint by entering into markets such as South Africa and Switzerland.